Tenaris's controlling shareholder files an amendment to Schedule 13D in response to Tenaris's ongoing share buyback program

Core Points - Tenaris S.A. announced that its controlling shareholders, San Faustin S.A. and Techint Holdings S.à r.l., filed an amendment to their Schedule 13D with the SEC regarding their ownership stake in Tenaris [1] - The board of directors of San Faustin authorized Techint Holdings to sell a portion of its ordinary shares in Tenaris, ensuring that their ownership does not fall below 67% of the total outstanding shares [1] - The timing, amount, and manner of any potential sales will depend on market conditions, and there is no guarantee that any sales will occur [1] - The Reporting Persons do not currently plan to reduce their ownership below 67% but may buy or sell additional shares depending on market conditions [1] Company Overview - Tenaris is a leading global supplier of steel tubes and related services for the energy industry and other industrial applications [3]